Trade Resources Industry Views Turkey's Pig Iron Imports in September Decreased 57.72 Percent

Turkey's Pig Iron Imports in September Decreased 57.72 Percent

According to the data provided by the Turkish Statistical Institute (TUIK), in September this year Turkey's pig iron imports amounted to 48,190 mt, decreasing by 37.71 percent month on month and down 57.72 percent year on year. The total value of Turkey's pig iron imports in the given month was $21.28 million, down 33.46 percent month on month and decreasing by 57.97 percent compared to September 2012. According to the data for September this year, the average price for Turkish pig iron imports was $441.52/mt, falling from the average of $444.11/mt recorded in the same month of the previous year.

Turkey's Pig Iron Imports Down 57.72 Percent in September

In the first nine months of the year, Turkey's pig iron imports totaled 643,584 mt, decreasing by 38.73 percent, with a value of $273.95 million, down 44.89 percent, both year on year.

Turkey imported 396,791 metric tons of pig iron from Ukraine in January-September this year, down 41.19 percent year on year. However, Ukraine remained Turkey's largest pig iron source in the first nine months, followed by Russia which supplied 187,738 mt, down 41.72 percent year on year. Meanwhile, Ukraine supplied 71.69 percent of Turkey's overall pig iron imports in September, with a total of 34,547 mt.

Turkey's pig iron import sources in January-September 2013 are as follows:

 

Country Amount (mt)      
  Jan-Sept. 2013 Jan-Sept. 2012 Sept. 13 Sept. 12
Ukraine 396,791 674,703 34,547 69,634
Russia 187,738 322,152 6,787 37,648
S. Africa 41,721 31,905 6,698 4,150
Germany 13,968 11,838 - 2,520
Georgia 2,943 4,694 50 -
Norway 297 - 108 -
Canada 80 220 - 20
Lebanon 45 8 - 8
Bulgaria 1 - - -
China 1 - - -

Turkey's largest pig iron sources in the period in question can be seen in the graph below:

Turkey's Pig Iron Imports Down 57.72 Percent in September_1

Source: http://www.steelorbis.com/steel-news/latest-news/turkeys-pig-iron-imports-down-5772-percent-in-september-795792.htm
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Turkey's Pig Iron Imports Down 57.72 Percent in September
Topics: Metallurgy